Why is intellectual property protection necessary?

For an entrepreneur, managing their own business is usually one of the most important things in life. Therefore, it is not surprising that they care about the security of their office or production facility, equipping them with alarms, cameras, and sometimes even hiring security guards.

Attention to security is also reflected in the best antivirus software, complex passwords for computers, and reliable document storage. If the company’s value is so high that the owner is willing to invest truly significant resources in its protection, it is worth asking: what about its other aspect – intellectual property?

Inventions, procedures, and know-how, which are often the basis of a company’s competitive advantage, are also most often ignored from a security perspective. It is worth changing this situation, not only to avoid losing, but possibly also to earn money.

Intellectual Property and Its Types

As the name suggests, this concept encompasses all products of the human mind and imagination. Its value lies in the intangible aspect – an idea, procedure, method – but it is most often recorded in the form of tangible media.

What can be considered a product of the human mind? We usually mean works in the fields of literature, art, science, or industry, although this catalog cannot be closed – just as it is impossible to limit human imagination.

The mind of a creative person is a powerful resource, and their intellectual property can have significant value. However, while the right to tangible property can be established very easily (for example, a vehicle registration certificate or a real estate deed is sufficient), in the case of intellectual property, it is difficult to unequivocally determine and prove who is the author of a particular work.

Trademarks and Geography

One type of intellectual property is a trademark. Its definition indicates that it is any designation represented graphically or which can be expressed graphically. A trademark serves to distinguish the goods of one enterprise from similar goods of other enterprises. The most common trademarks are:

• a word or combination of words;
• a drawing;
• a color composition;
• a spatial form;
• a melody or other sound signal.

Geographical indications, which are verbal indications directly or indirectly referring to the name of a place, locality, region, or country, can also identify a unique product. This is relevant if the special quality, good reputation, or other characteristics of the product are primarily linked to the geographical origin of that product.

Conclusion

Ready to secure your valuable intellectual property? Don’t leave your innovations and unique business assets vulnerable. We offer a free consultation to discuss your specific needs and the best strategies for protection. Fill out the form to schedule your free consultation and take the first step towards safeguarding your intellectual property.